Document and Entity Information
Document and Entity Information - USD ($) | 3 Months Ended | ||
Mar. 31, 2015 | Sep. 15, 2015 | Jun. 30, 2014 | |
Document and Entity Information: | |||
Entity Registrant Name | EF Hutton America, Inc. | ||
Document Type | 10-Q | ||
Document Period End Date | Mar. 31, 2015 | ||
Trading Symbol | hutn | ||
Amendment Flag | true | ||
Entity Central Index Key | 1,565,700 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Common Stock, Shares Outstanding | 80,919,540 | ||
Entity Public Float | $ 680,662 | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | Yes | ||
Entity Well-known Seasoned Issuer | No | ||
Document Fiscal Year Focus | 2,015 | ||
Document Fiscal Period Focus | Q1 | ||
Amendment Description | 1 |
EF Hutton America, Inc. - Conde
EF Hutton America, Inc. - Condensed Balance Sheets - As of March 31, 2015 (Unaudited) and December 31, 2014 (Audited) - USD ($) | Mar. 31, 2015 | Dec. 31, 2014 |
Current assets | ||
Due from shareholder | $ 11,500 | $ 6,500 |
Total current assets | 11,500 | 6,500 |
Other assets: | ||
Brand assets | 57,970,000 | 57,970,000 |
Total other assets | 57,970,000 | 57,970,000 |
Total Assets | 57,981,500 | 57,976,500 |
Current liabilities: | ||
Accounts payable | 14,943 | 0 |
Due to related party | 27,000 | 0 |
Advances from related party | 34,418 | 13,991 |
Accrued expenses | 12,070 | 15,530 |
Total current liabilities | 88,431 | 29,521 |
Total liabilities | 88,431 | 29,521 |
Stockholders' equity: | ||
Common stock, $0.001 par value; 90,000,000 shares authorized; 53,020,173 and 52,982,199 shares issued & outstanding, respectively | 53,220 | 52,982 |
Class B common stock, $0.001 par value, 10,000,000 shares authorized, 5,797,000 issued and outstanding | 5,797 | 5,797 |
Additional paid-in capital | 58,159,630 | 57,981,846 |
Accumulated deficit | (325,578) | (93,646) |
Total stockholders' equity | 57,893,069 | 57,946,979 |
Total Liabilities and Stockholders' Equity | $ 57,981,500 | $ 57,976,500 |
EF Hutton America, Inc. - Balan
EF Hutton America, Inc. - Balance Sheets (Parentheticals)(USD $) - $ / shares | Mar. 31, 2015 | Dec. 31, 2014 |
Statement of Financial Position | ||
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 90,000,000 | 90,000,000 |
Common stock, shares issued | 53,220,173 | 52,982,199 |
Common stock, shares outstanding | 53,220,173 | 52,982,199 |
Class B common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Class B common stock, shares authorized | 10,000,000 | 10,000,000 |
Class B common stock, shares issued | 5,797,000 | 5,797,000 |
Class B common stock, shares outstanding | 5,797,000 | 5,797,000 |
EF Hutton America, Inc. - Cond4
EF Hutton America, Inc. - Condensed Statement of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Operating expenses | ||
Professional Fees | $ 13,779 | $ 0 |
Stock Based Compensation | 178,023 | 0 |
Rent Expenses | 405 | 0 |
Selling and Marketing | 5,000 | 0 |
General and administrative | 34,725 | 0 |
Total operating expenses | 231,932 | 0 |
Loss from continuing operations | (231,932) | 0 |
Discontinued operations: | ||
Gain (loss) on discontinued operations (net of tax) | 0 | (18,993) |
Net loss from continuing operations | (231,932) | 0 |
Net loss from discontinued operations | $ 0 | $ (18,993) |
Basic and diluted loss per common share | ||
Loss from continuing operations | $ 0 | $ 0 |
Loss from discontinued operations | 0 | 0 |
Net loss per share - basic and diluted | $ 0 | $ 0 |
Weighted average number of common shares outstanding - basic and diluted | 53,011,578 | 6,524,985 |
EF Hutton America, Inc. - Cond5
EF Hutton America, Inc. - Condensed Statement of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net loss | $ (231,932) | $ (18,993) |
Non Cash Adjustments | ||
Stock Based Compensation | 178,023 | 0 |
Changes in operating assets and liabilities: | ||
Accounts payable | 14,943 | 0 |
Due to related party | 27,000 | 0 |
Accrued expenses | (3,461) | 0 |
Net Cash Used by Operating Activities - Continuing Operations | (15,427) | 0 |
Net Cash Used by Operating Activities - Discontinued Operations | 0 | (10,849) |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Fixed asset purchase | 0 | (459) |
Restricted cash reserves | 0 | 3,862 |
Net cash provided by (used for) investing activities | 0 | 3,403 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Advance from related parties | 20,427 | 0 |
Due from shareholder | (5,000) | 0 |
Net Cash Provided By Financing Activities - Continuing Operations | 15,427 | 0 |
Net Cash Provided By Financing Activities - Discontinued Operations | 0 | 15,000 |
Net increase (decrease) in cash - discontinued operations | 0 | 7,554 |
Cash - Beginning of Period - Continuing Operations | 0 | 0 |
Cash - Beginning of Period - Discontinued Operations | 0 | 0 |
Cash - End of Period - Continuing Operations | 0 | 0 |
Cash - End of Period - Discontinued Operations | 0 | 24,467 |
Supplemental Disclosure | ||
Cash paid for interest | 0 | 0 |
Cash paid for income taxes | $ 0 | $ 0 |
Note 1 - Nature of Operations
Note 1 - Nature of Operations | 3 Months Ended |
Mar. 31, 2015 | |
Notes | |
Note 1 - Nature of Operations | Note 1 Nature of Operations Nature of Operations EFH Group, Inc. (the Company) was incorporated in the State of Colorado on March 8, 2007 under the name of Twentyfour/seven Ventures, Inc. The name of the Company was changed to EFH Group, Inc. on October 28, 2014. EF Hutton Financial Corp., a wholly owned subsidiary of the registrant, operates an internet marketplace that connects consumers with a network of financial providers across a range of financial products and services, including, but not limited to insurance, tax, real estate and financial planning. The marketplace, Gateway, connects consumers with a wide range of financial providers and solutions. Gateway makes independent provides a viable choice for consumers by eliminating barriers that impede consumers from using independent providers, primarily through marketing to raise awareness of the independent sector and by standardizing and streamlining the process of selecting and engaging independent financial professionals. Financial providers who register with Gateway benefit by generating new client relationships. In addition to operating Gateway, our subsidiary intends to offer specialty financial services through its institution division. On November 25, 2014, the Company purchased certain assets of EFH Group, Inc., a Wyoming corporation (EFH Wyoming). The assets consist of various trademarks and license rights, rights to computer programming code and other intellectual property. Prior to the purchase, the Company engaged an independent expert to appraise the assets. Based on the asset appraisal, the assets will be held on the balance sheet at value of $57,970,000. The Company issued a total of 52,173,000 restricted common shares and 5,797,000 restricted Class B common shares as consideration for the EFH Wyoming asset purchase. On November 23, 2014, the assets and liabilities of the Company were contributed at book value to Liberty Ventures, Inc., a wholly owned subsidiary of the Company. The common shares of EF Hutton Financial Corp., a wholly owned subsidiary of the Company were not included in the spin-off. Effective on November 25, 2014, the Company spun off Liberty Ventures, Inc. to its shareholders as of November 24, 2014. |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2015 | |
Notes | |
Note 2 - Summary of Significant Accounting Policies | Note 2 Summary of Significant Accounting Policies Use of Estimates The preparation of financial statements in conformity with GAAP requires the Company to make estimates, assumptions and judgments that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of expenses during the periods presented. The Company makes the estimate of the ultimate outcome for these items based on historical trends and other information available when the financial statements are prepared. Changes in estimates are recognized in accordance with the accounting rules for the estimate, which is typically in the period when new information becomes available. The Company believes that significant estimates, assumptions and judgments are reasonable, based upon information available at the time they are made. Actual results could differ from these estimates, making it possible that a change in these estimates could occur in the near term. Cash and cash equivalents The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents. Property and equipment Property and equipment are recorded at cost and depreciated under straight line methods over each item's estimated useful life, generally seven years for furniture and fixtures and five years for office equipment. Revenue recognition The Company recognizes revenue when upon receipt of the fees received for services rendered through its Gateway system. Income tax The Company accounts for income taxes pursuant to ASC 740. Under ASC 740 deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Net income (loss) per share The net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of shares of common outstanding. Financial Instruments The carrying value of the Company's financial instruments, as reported in the accompanying balance sheet, approximates fair value due to their short term maturities. Long-Lived Assets In accordance with ASC 350, the Company regularly reviews the carrying value of intangible and other long-lived assets for the existence of facts or circumstances, both internally and externally, that suggest impairment. If impairment testing indicates a lack of recoverability, an impairment loss is recognized by the Company if the carrying amount of a long-lived asset exceeds its fair value. New Accounting Standards From time to time, the Financial Accounting Standards Board ("FASB") or other standards setting bodies issue new accounting pronouncements. Updates to the FASB Accounting Standards Codification ("ASC") are communicated through issuance of an Accounting Standards Update ("ASU"). Unless otherwise discussed, the Company believes that the impact of recently issued guidance, whether adopted or to be adopted in the future, is not expected to have a material impact on the condensed financial statements upon adoption. |
Note 3 - Going Concern
Note 3 - Going Concern | 3 Months Ended |
Mar. 31, 2015 | |
Notes | |
Note 3 - Going Concern | Note 3 Going Concern The Companys financial statements have been prepared on a going concern basis that assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Companys ability to continue as a going concern depends on its ability to generate profitable operations in the future and, or, obtaining the necessary financing to meet its obligations and repay its liabilities when they come due. There is no assurance that these events will be satisfactorily completed. |
Note 4 - Income Taxes
Note 4 - Income Taxes | 3 Months Ended |
Mar. 31, 2015 | |
Notes | |
Note 4 - Income Taxes | Note 4 - Income Taxes Deferred income taxes arise from the temporary differences between financial statement and income tax recognition of net operating losses and other items. Loss carryovers are limited under the Internal Revenue Code should a significant change in ownership occur. The Company accounts for income taxes pursuant to ASC 740. Income taxes at federal and state statutory rates are reconciled to the Companys actual income taxes as follows: March 31, 2015 Tax at federal statutory rate (15%) $ 0 State income tax (5%) 0 Book/tax permanent differences: Revenue estimates 0 Expense estimates 231,932 Tax rate estimate 0 Income Tax before operating loss carryforwards 231,932 Net operating loss carryforward 93,646 Total Deferred Tax Asset $ 325,578 Reserve for Deferred Tax Asset $(325,578) |
Note 5 - Fair Value of Financia
Note 5 - Fair Value of Financial Instruments | 3 Months Ended |
Mar. 31, 2015 | |
Notes | |
Note 5 - Fair Value of Financial Instruments | Note 5 Fair Value of Financial Instruments The Company has adopted the guidance of ASC 820, Fair Value Measurement which clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows: Level 1-Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date. Level 2-Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data. Level 3-Inputs are unobservable inputs which reflect the reporting entitys own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information. ASC 825, Financial Instruments, allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. The Company has not elected to apply the fair value option to any outstanding instruments. The Companys financial instruments primarily consist of cash, liabilities, and advances payable. Fair value is based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The carrying amount of cash and accrued liabilities approximate fair value because of the short-term nature of these financial instruments. The carrying amounts of its advances payable approximates fair value as of the condensed balance sheet dates presented, because interest rates on these instruments approximate market interest rates after consideration of stated interest rates. |
Note 6 - Intangible Assets
Note 6 - Intangible Assets | 3 Months Ended |
Mar. 31, 2015 | |
Notes | |
Note 6 - Intangible Assets | Note 6 Intangible Assets On November 25, 2014, the Company purchased certain assets of EFH Group, Inc., a Wyoming corporation. The assets consist of various trademarks and license rights, rights to computer programming code and other intellectual property. Prior to the purchase, the Company engaged an independent expert to appraise the assets as of July 31, 2014. Based on the asset appraisal, the assets will be held on the balance sheet at value of $57,970,000. The Company issued a total of 52,173,000 restricted common shares and 5,797,000 restricted Class B common shares as consideration for the EFH Wyoming asset purchase. |
Note 7 - Stockholders' Equity
Note 7 - Stockholders' Equity | 3 Months Ended |
Mar. 31, 2015 | |
Notes | |
Note 7 - Stockholders' Equity | Note 7 Stockholders Equity Common stock Pursuant to the asset purchase agreement, the Company issued the 52,173,000 common shares and 5,797,000 Class B common shares to EFH Wyoming, a company controlled by an officer and director of the registrant. The Class B common shares have the following rights and privileges: Dividend rights - Fifty percent (50%) of the standard common share dividend Liquidation rights - Fifty percent (50%) of standard common share liquidation rights Exchange privileges - Exchangeable for standard common shares on a one for one basis with thirty (30) days prior notice to the Company. On February 2, 2015, the Company issued 11,034 common shares as stock based compensation for services valued at $8,055. On March 17, 2015, the Company issued 26,940 common shares as stock based compensation for services valued at $9,968. On March 24, 2015, the Company issued 100,000 common shares each to Messrs. Christopher Daniels and Stanley Hutton, officers and directors of the Company, with an aggregate value of $160,000. |
Note 8 - Related Party Advances
Note 8 - Related Party Advances | 3 Months Ended |
Mar. 31, 2015 | |
Notes | |
Note 8 - Related Party Advances | Note 8 Related Party Advances Stanley Hutton Rumbough, a director of the registrant, advanced the registrant $12,367 during the three months ended March 31, 2015. The advance is repayable upon demand and is without interest. Christopher Daniels, an officer and director of the registrant, advanced the registrant $7,960 during the three months ended March 31, 2015. The advance is repayable upon demand and is without interest. John Daniels, a director of the registrant, advanced the registrant $100 during the three months ended March 31, 2015. The advance is repayable upon demand and is without interest. EFH Group Inc., a Wyoming corporation, the majority shareholder of the registrant, advanced the registrant $13,991 during the year ended December 31, 2014. The advance is repayable upon demand and is without interest. For the three months ended March 31, 2015, the Company incurred expenses of $12,000 due to Impacct, LLC, an entity controlled by Lance Diamond, an officer of the Company. On March 24, 2015, the Company issued 100,000 common shares each to Messrs. Christopher Daniels and Stanley Hutton, officers and directors of the Company, with an aggregate value of $160,000. |
Note 9 - Subsequent Events
Note 9 - Subsequent Events | 3 Months Ended |
Mar. 31, 2015 | |
Notes | |
Note 9 - Subsequent Events | Note 9 Subsequent Events Effective April 17, 2015, the Company entered into an addendum to the Asset Purchase Agreement dated November 25, 2014. The addendum revised Paragraph 8.9 as follows: If the closing of the PIPE is delayed for any reason, SpinCo shall be paid non-refundable fee of $2,000 on the 26 th SpinCo shall be paid $8,000 upon the signing of this Addendum to bring the revised obligations under paragraph 8.9 current. Future payments, if the contingent obligations under paragraph 6.2(d) and 8.2 are not met on or before May 26, 2015, shall be $2,000 due April 26 and $2,000 due May 26. Additionally, Paragraph 8.13 was added: Any obligations of Seller under Paragraphs 6.2(d), 8.2 and 8.9 shall be null and void if SpinCo or its principals breach the terms of this Agreement or transfer or assign any rights or obligations under this Agreement. On May 8, 2015, the Company acquired all of the outstanding membership equity of Phoenix Financial Consulting, an SEC registered investment advisor. The assets were purchased by EF Hutton Financial Corp., a subsidiary of EFH Group, Inc. The assets were purchased from Bruce David Winn, the owner of all membership units of Phoenix Financial Consultants. The assets consist of the customer base and the regulatory platform, which the Company can use to grow its business. The Company has evaluated subsequent events through the date these condensed financial statements were available to be issued of September 15, 2015, and determined that there are no other reportable subsequent events. |
Note 2 - Summary of Significa15
Note 2 - Summary of Significant Accounting Policies: Use of Estimates (Policies) | 3 Months Ended |
Mar. 31, 2015 | |
Policies | |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with GAAP requires the Company to make estimates, assumptions and judgments that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of expenses during the periods presented. The Company makes the estimate of the ultimate outcome for these items based on historical trends and other information available when the financial statements are prepared. Changes in estimates are recognized in accordance with the accounting rules for the estimate, which is typically in the period when new information becomes available. The Company believes that significant estimates, assumptions and judgments are reasonable, based upon information available at the time they are made. Actual results could differ from these estimates, making it possible that a change in these estimates could occur in the near term. |
Note 2 - Summary of Significa16
Note 2 - Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies) | 3 Months Ended |
Mar. 31, 2015 | |
Policies | |
Cash and Cash Equivalents | Cash and cash equivalents The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents. |
Note 2 - Summary of Significa17
Note 2 - Summary of Significant Accounting Policies: Property and Equipment (Policies) | 3 Months Ended |
Mar. 31, 2015 | |
Policies | |
Property and Equipment | Property and equipment Property and equipment are recorded at cost and depreciated under straight line methods over each item's estimated useful life, generally seven years for furniture and fixtures and five years for office equipment. |
Note 2 - Summary of Significa18
Note 2 - Summary of Significant Accounting Policies: Revenue Recognition (Policies) | 3 Months Ended |
Mar. 31, 2015 | |
Policies | |
Revenue Recognition | Revenue recognition The Company recognizes revenue when upon receipt of the fees received for services rendered through its Gateway system. |
Note 2 - Summary of Significa19
Note 2 - Summary of Significant Accounting Policies: Income Tax (Policies) | 3 Months Ended |
Mar. 31, 2015 | |
Policies | |
Income Tax | Income tax The Company accounts for income taxes pursuant to ASC 740. Under ASC 740 deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. |
Note 2 - Summary of Significa20
Note 2 - Summary of Significant Accounting Policies: Net Income (loss) Per Share (Policies) | 3 Months Ended |
Mar. 31, 2015 | |
Policies | |
Net Income (loss) Per Share | Net income (loss) per share The net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of shares of common outstanding. |
Note 2 - Summary of Significa21
Note 2 - Summary of Significant Accounting Policies: Financial Instruments (Policies) | 3 Months Ended |
Mar. 31, 2015 | |
Policies | |
Financial Instruments | Financial Instruments The carrying value of the Company's financial instruments, as reported in the accompanying balance sheet, approximates fair value due to their short term maturities. |
Note 2 - Summary of Significa22
Note 2 - Summary of Significant Accounting Policies: Long-lived Assets (Policies) | 3 Months Ended |
Mar. 31, 2015 | |
Policies | |
Long-lived Assets | Long-Lived Assets In accordance with ASC 350, the Company regularly reviews the carrying value of intangible and other long-lived assets for the existence of facts or circumstances, both internally and externally, that suggest impairment. If impairment testing indicates a lack of recoverability, an impairment loss is recognized by the Company if the carrying amount of a long-lived asset exceeds its fair value. |
Note 2 - Summary of Significa23
Note 2 - Summary of Significant Accounting Policies: New Accounting Standards (Policies) | 3 Months Ended |
Mar. 31, 2015 | |
Policies | |
New Accounting Standards | New Accounting Standards From time to time, the Financial Accounting Standards Board ("FASB") or other standards setting bodies issue new accounting pronouncements. Updates to the FASB Accounting Standards Codification ("ASC") are communicated through issuance of an Accounting Standards Update ("ASU"). Unless otherwise discussed, the Company believes that the impact of recently issued guidance, whether adopted or to be adopted in the future, is not expected to have a material impact on the condensed financial statements upon adoption. |
Note 4 - Income Taxes_ Schedule
Note 4 - Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Tables) | 3 Months Ended |
Mar. 31, 2015 | |
Tables/Schedules | |
Schedule of Components of Income Tax Expense (Benefit) | March 31, 2015 Tax at federal statutory rate (15%) $ 0 State income tax (5%) 0 Book/tax permanent differences: Revenue estimates 0 Expense estimates 231,932 Tax rate estimate 0 Income Tax before operating loss carryforwards 231,932 Net operating loss carryforward 93,646 Total Deferred Tax Asset $ 325,578 Reserve for Deferred Tax Asset $(325,578) |
Note 1 - Nature of Operations (
Note 1 - Nature of Operations (Details) - Nov. 26, 2014 - USD ($) | Total |
Details | |
Assets purchased value | $ 57,970,000 |
Common shares issued for asset purchase | 52,173,000 |
Class B common shares issued for asset purchase | 5,797,000 |
Note 4 - Income Taxes_ Schedu26
Note 4 - Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Details) | Mar. 31, 2015USD ($) |
Details | |
Tax at federal statutory rate (15%) | $ 0 |
State income tax (5%) | 0 |
Revenue estimates | 0 |
Expense estimates | 231,932 |
Tax rate estimate | 0 |
Income tax before operating loss carryforwards | 231,932 |
Net operating loss carryforward | 93,646 |
Deferred Tax Assets, Net of Valuation Allowance | 325,578 |
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals | $ (325,578) |
Note 6 - Intangible Assets (Det
Note 6 - Intangible Assets (Details) - Nov. 26, 2014 - USD ($) | Total |
Details | |
Assets purchased value | $ 57,970,000 |
Common shares issued for asset purchase | 52,173,000 |
Class B common shares issued for asset purchase | 5,797,000 |
Note 7 - Stockholders' Equity (
Note 7 - Stockholders' Equity (Details) - USD ($) | Mar. 24, 2015 | Mar. 17, 2015 | Feb. 02, 2015 | Nov. 26, 2014 |
Details | ||||
Common shares issued for asset purchase | 52,173,000 | |||
Class B common shares issued for asset purchase | 5,797,000 | |||
Shares issued as compensation for services | 26,940 | 11,034 | ||
Value of stock based compensation for services | $ 9,968 | $ 8,055 | ||
Shares issued to a related party | 100,000 | |||
Value of shares issued to a related party | $ 160,000 |
Note 8 - Related Party Advanc29
Note 8 - Related Party Advances (Details) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2015 | Dec. 31, 2014 | Mar. 24, 2015 | |
Details | |||
Proceeds from Rumbough related party debt | $ 12,367 | ||
Proceeds from Christopher Daniels related party debt | 7,960 | ||
Proceeds from John Daniels related party debt | 100 | ||
Proceeds from Related Party Debt | $ 13,991 | ||
Proceeds from Impacct related party debt | $ 12,000 | ||
Shares issued to a related party | 100,000 | ||
Value of shares issued to a related party | $ 160,000 |